BOI Confirms Job Security for 3,674 Former Hela Workers After Emerald Absorption 📈

• Employment Status: The Board of Investment (BOI) confirmed that 3,674 former employees of Hela Clothing (Pvt) Ltd and Foundation Garments (Pvt) Ltd have been fully absorbed into Emerald Clothing (Pvt) Ltd, securing their livelihoods despite recent court-ordered winding-up filings by Hela Apparel Holdings PLC. • Workforce Breakdown: Transferred staff include 251 executives, 393 staff members, and 3,030 team members, all retaining service continuity under their existing terms. • Absorption Phases: - Phase 1 (1 May 2026): 2,504 employees absorbed from Palapathwela, Thihariya, and Emerald Head Office. - Phase 2 (1 June 2026): 1,170 employees absorbed from Naula, Ukuwela, and Head Office. • National Context: Restructuring in the critical apparel & textiles sector ensures job stability and protects skilled labor, with ongoing monitoring by the BOI's Industrial Relations Department.